MORROW, GA-Education Realty Trust Inc. has traded its two collegiate housing complexes in Georgia for a total price of $27.8 million. The REIT sold Clayton Place, an 854-bed apartment complex in Morrow, to CSU Foundation Real Estate II LLC for $20.5 million. The property serves the State University and Clayton College.
Macon State College Foundation Real Estate LLC bought Collegiate Village, a 336-bed property in Macon, for $7.5 million. Education Realty owns and operates 57 collegiate housings in 23 states. For the full story, go to Memphis Business Journal .
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